diff --git a/README.patches b/README.patches
index 0fb7864..6652443 100644
--- a/README.patches
+++ b/README.patches
@@ -721,3 +721,5 @@ Individual patches for Vim 7.4:
   1887  7.4.697  the filename used for ":profile" must be given literally
  14611  7.4.698  various problems with locked and fixed lists and dictionaries
   1420  7.4.699  E315 when trying to delete a fold
+  3529  7.4.700  fold can't be opened after ":move"
+  1774  7.4.701  compiler warning for using uninitialized variable
diff --git a/vim.spec b/vim.spec
index d154962..659830f 100644
--- a/vim.spec
+++ b/vim.spec
@@ -1,4 +1,4 @@
-%define patchlevel 699
+%define patchlevel 701
 %if %{?WITH_SELINUX:0}%{!?WITH_SELINUX:1}
 %define WITH_SELINUX 1
 %endif
@@ -746,6 +746,8 @@ Patch696: ftp://ftp.vim.org/pub/vim/patches/7.4/7.4.696
 Patch697: ftp://ftp.vim.org/pub/vim/patches/7.4/7.4.697
 Patch698: ftp://ftp.vim.org/pub/vim/patches/7.4/7.4.698
 Patch699: ftp://ftp.vim.org/pub/vim/patches/7.4/7.4.699
+Patch700: ftp://ftp.vim.org/pub/vim/patches/7.4/7.4.700
+Patch701: ftp://ftp.vim.org/pub/vim/patches/7.4/7.4.701
 
 Patch1559: 7.4.559.rhpatched
 Patch3000: vim-7.4-syntax.patch
@@ -1595,6 +1597,8 @@ perl -pi -e "s,bin/nawk,bin/awk,g" runtime/tools/mve.awk
 %patch697 -p0
 %patch698 -p0
 %patch699 -p0
+%patch700 -p0
+%patch701 -p0
 
 # install spell files
 %if %{withvimspell}
@@ -2112,6 +2116,9 @@ rm -rf %{buildroot}
 %{_datadir}/icons/hicolor/*/apps/*
 
 %changelog
+* Wed Apr 15 2015 Karsten Hopp <karsten@redhat.com> 7.4.701-1
+- patchlevel 701
+
 * Tue Apr 14 2015 Karsten Hopp <karsten@redhat.com> 7.4.699-1
 - patchlevel 699